Pennzoil-Quaker State Company Completes Sale of Shreveport Refinery

    HOUSTON, April 30 Pennzoil-Quaker State Company
announced today that it has completed the sale of its Shreveport,
Louisiana refinery and related assets to Calumet Lubricants Company, L.P.
Financial terms of the transaction were not disclosed.

    "This is truly a transformational day for Pennzoil-Quaker State Company.
With this transaction, we have essentially completed our program to sell
non-strategic assets and businesses.  We now go forward as the fully-focused
automotive consumer products company that was envisioned with the formation of
the company in 1998," said James J. Postl, president and chief executive
officer.